Go Long At Dips Until Nifty Holds 7500 by Closing

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened Gap Positive for the day. EquityPandit predicted that market would see gap positive opening and traders would get good opportunity to book profits in last day long positions taken at dips. Equitypandit also predicted that some correction would be seen after gap positive opening but traders should go long at dips in the market and exactly same happened. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. EquityPandit booked full profits for EP-BankNifty Package subscribers at 15620 levels for BankNifty generating huge profits, after which market fell down sharply. Nifty saw highs right at EquityPandit’s predicted resistance levels of 7585 like a dot. Indian Stock Market saw sharp correction from EquityPandit’s predicted resistance levels and traders were suggested to go long at those dips. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open gap positive for the day. Technically, Indian Stock Market is still in positive zone. Market would continue to see positive movement. Some correction would still be seen. If Nifty closes below levels of 7502, then market would be considered weak and further downfall would be seen in days to come. Traders, who went long during the correction in the market on EquityPandit’s advice would get good chance to book profits today. Overall Market is still positive and traders should again buy on dips. If Nifty managed to hold 7500 levels by closing, then next target for Nifty would be 7700 levels. FIIs were again net buyers of Rs.744.49 crores whereas DIIs were net sellers of Rs.168.38 crores in last trading session. Nifty would see strong support at 7500-7465-7434-7400 whereas strong resistance would be seen at 7585-7620-7663-7700 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (7513) The support for the Nifty is 7500-7465-7434-7400 and the resistance to the up move is at 7585-7620-7663-7700 levels.

NSE BankNifty: (15444) The support for BankNifty is at 15365-15200-15060-15000 and the resistance to the up move is at 15600-15680-15803-15956 levels.

BSE Sensex: (24677) The support for the Sensex is at 24550-24488-24380-24200 and the resistance to the up move is at 24840-24915-24988-25060 levels.

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